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Four talks on Keynes in relation to the Bloomsbury Group: I. Maynard Keynes of Bloomsbury (Craufurd Goodwin); II. Keynes as Policy Advisor (E. Roy Weintraub); III. Keynes and Economics (Kevin D. Hoover); IV. Keynes and Hayek (Bruce Caldwell). The talks were delivered as part of roundtable...
Persistent link: https://www.econbiz.de/10011603268
Twenty years ago, two scholars published important books on the subject of Austrian macroeconomic theory. Each offered …
Persistent link: https://www.econbiz.de/10012837593
This paper critiques the Keynesian liquidity trap from an Austrian perspective. The liquidity trap theory argues that … major problem in the theory is that it concentrates on the loan interest rate instead of the price spread in the structure …
Persistent link: https://www.econbiz.de/10013013665
Austrian macroeconomists of the interwar period saw the economy as a complex adaptive system, in which macroeconomic variables emerge from the interaction between millions of purposefully acting agents. Recent advances in computation technology allow us to build empirically salient synthetic...
Persistent link: https://www.econbiz.de/10012969079
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
The notion of new economy was coined in the United States when there was increasing evidence that, as a result of the introduction of new technologies, the traditional behavior of macroeconomic variables might have changed. The expansion of the 1990s differed from its predecessors in three...
Persistent link: https://www.econbiz.de/10011452093
stability properties of the model are analyzed using bifurcation theory, delineating a generalized, multi-sectoral version of …
Persistent link: https://www.econbiz.de/10011609952
Persistent link: https://www.econbiz.de/10011567260
Critical macro-finance (CMF) has become an influential avenue of research aimed at shedding light on how the global payments system is governed. In the introduction to this special forum on CMF, we explore three main themes: (1) the intellectual lineage of CMF and its relation to...
Persistent link: https://www.econbiz.de/10012222148
This forum contribution explains how analyzing the creation, distribution, and destruction of contemporary credit money is placed centre stage in the emerging field of critical macro-finance. This approach not only involves traditional forms of money but also "shadow money": private credit...
Persistent link: https://www.econbiz.de/10012222156